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Fitch Affirms BCRR Trust 2009-2

December 2, 2011 1:36 PM EST
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NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has affirmed the following classes of BCRR Trust 2009-2:

--$33,533,000 Class I-A1 'AAA'; Outlook Stable;

--$13,393,000 Class I-A2 'AAA'; Outlook Stable;

--$13,667,000 Class I-A1A 'AAA'; Outlook Stable;

--$5,458,000 Class I-A2A 'AAA'; Outlook Stable.

This transaction is a re-securitization of the ownership interest in a single commercial mortgage-backed certificate, LB-UBS Commercial Mortgage Trust, series 2007-C6, class A-4 (rated 'AAAsf', with a Stable Outlook by Fitch). This underlying class was affirmed by Fitch at 'AAAsf', with a Stable Outlook on Dec. 1, 2011. As a re-securitization, the class will receive cash flows from the underlying class A4 bonds and the rating is based on the underlying security.

For additional information on the underlying security please see the release 'Fitch Affirms Super Senior and Mezzanine Classes of LBUBS 2007-C7; Revises Outlooks to Stable' (Dec. 1, 2011) available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Global Structured Finance Rating Criteria' (Aug. 4, 2011);

--'Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions' (Nov. 16, 2011);

--'U.S. Commercial Mortgage Re-REMIC Criteria' (Mar. 10, 2011).

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569

Surveillance Methodology for U.S. Fixed-Rate CMBS Transactions

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=656660

U.S. Commercial Mortgage Re-REMIC Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=609848

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch RatingsPrimary AnalystBenson ThomasAssociate Director+1-212-908-0645Fitch, Inc.1 State Street PlazaNew York, NY 10004orChairpersonAdam FoxSenior Director+1-212-908-1869orMedia Relations:Sandro Scenga, +1-212-908-0278 (New York)[email protected]

Source: Fitch Ratings



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